News | Latest Breaking News Stories & Headlines

Stellantis bets on €17k hybrid Fiat 500 to revive output

Fiat aims to manufacture over 100,000 units per year of its new hybrid 500 small car, a model parent Stellantis bets on to revive its ailing production in Italy, the brand's head Olivier Francois said today.

Business • 04 Jul

Stellantis boss urges adoption of smaller, cheaper cars

Europe needs to develop smaller and cheaper vehicles in the style of Japan's so-called "kei cars", Stellantis Chairman John Elkann has said, as high prices, which he blamed on regulation in the region, weigh on consumer demand.

Business • 13 Jun

The French-Italian company's sprawling portfolio reflects its origins in a 2021 merger of Fiat-Chrysler and Peugeot owner PSA

Stellantis faces brands dilemma as it looks for new CEO

As Stellantis chairman John Elkann interviews CEO candidates, deciding how many of the automaker's 14 brands have a viable future is a significant priority.

Business • 24 Feb

The European Commission has closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks

EU closes probes into Amazon, Starbucks and Fiat rulings

The European Commission has today said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks.

Business • 28 Nov 24

Stellantis brands include Peugeot, Fiat, Jeep and Alfa Romeo

Stellantis Q1 revenues fall 12%, forecasts H2

Stellantis said today that its revenue fell 12% in the first quarter, but the Franco-Italian car maker was confident new models would support its growth and profitability in the second half of the year.

Business • 30 Apr 24

Advocate General recommends Ireland win Fiat tax appeal

Italian carmaker Fiat Chrysler need not pay €30 million in back taxes to Luxembourg, an adviser to Europe's top court said today.

Business • 16 Dec 21

Ireland has appealed against an EU Commission finding on Ireland providing illegal state aid to Apple

Ireland appeals ECJ state aid ruling against Luxembourg

The Department of Finance says it has lodged an appeal at the European Court of Justice against a State aid ruling made against Luxembourg by the EU's General Court last year because of its relevance to the European Commission's ruling against Ireland for its tax treatment of Apple.

Business • 20 Feb 20

Shares in Renault fell more than 4% to their lowest level in around a month

Diesel cheating probe widens to Renault and Fiat

European carmakers have been drawn into widening investigations into diesel emissions cheating today, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler.

Business • 13 Jan 17

Today's IPO gives Ferrari a market capitalisation of around $10 billion.

Ferrari shares race to $60, up 15% from IPO price

Shares of Ferarri raced to as high as $60 as they first traded on the New York Stock Exchange today, 15% above the IPO price of $52.

Business • 21 Oct 15

The Netherlands is set to recover €20-30m from Starbucks

EU orders Starbucks, Fiat to pay €20-30m in taxes

The European Commission ruled today that Starbucks and Fiat benefited from illegal tax deals with the Dutch and Luxembourg governments, in cases with major implications for the taxation of multinational companies.

News • 21 Oct 15

The Starbucks case centres on its subsidiary Starbucks Manufacturing EMEA in Holland

EU to rule Starbucks, Fiat deals illegal state aid

Starbucks and Fiat Chrysler Automobiles will be told next week that their tax deals breach EU state aid rules, three people familiar with the matter have said.

Business • 16 Oct 15

A Fiat Chrysler Jeep Grand Cherokee on sale as the company announced it is recalling about 1.4 million vehicles

Fiat recalls over 1.4m vehicles after jeep hacked

Fiat Chrysler Automobiles has issued a safety recall for 1.4 million cars and trucks in the United States after hackers demonstrated that they could remotely control their systems while they are in operation.

News • 25 Jul 15

Fiat Chrysler shares rise on first day of NY trade

Italian automaker Fiat Chrysler Automobiles has moved higher in its first day of Wall Street trade after shifting its main listing from Milan to attract more investment.

Business • 13 Oct 14

Three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade

EU opens probes into Apple, Starbucks tax rulings

The European Commission has opened three investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively.

Business • 12 Jun 14

The deal will see Sergio Marchionne become CEO of the world's seventh largest automaker

Fiat agrees to take full control of Chrysler

Italian carmaker Fiat has struck a $4.35 billion deal to gain full control of Chrysler Group, ending more than a year of tense talks that have obstructed CEO Sergio Marchionne's efforts to combine the two automakers.

Business • 02 Jan 14